Colgate Q4 Impact: Global Brokerages Maintain Positive View But Cut Price Target

Colgate Palmolive India' March quarter earnings did not enthuse global brokerage houses which maintained their positive view on the stock but slashed price target. The stock fell nearly a percent in the morning trade on May 28.
The consumer products company reported a 4.7 percent year-on-year growth in Q4 profit at Rs 197.6 crore on narrowing one-time loss and revenue uptick.
Revenue during the quarter increased 5.7 percent year-on-year to Rs 1,154 crore in the quarter ended March 2019, driven by domestic volume growth of 5 percent (overall volume growth of 3 percent).

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